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Economic cost of Harvey and Irma could hit US$290b

But insurers are relieved that predictions about Irma's damage have been excessively dire

Published Mon, Sep 11, 2017 · 09:50 PM

Washington

THE combined economic cost of Hurricanes Harvey and Irma could reach US$290 billion, equivalent to 1.5 per cent of the US gross domestic product, US forecaster AccuWeather said in a report on Sunday.

The firm's chief executive and founder Joel Myers said: "We believe the damage estimate from Irma to be about US$100 billion, among the costliest hurricanes of all time."

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International

International

Economic cost of Harvey and Irma could hit US$290b

International

Australian business strength is shocking even its biggest lender

South Korea’s factory activity shrinks in April, but optimism about outlook ticks up

US sanctions firms in China, UAE for support of Russia’s war

Japan suspects companies are evading disclosure of cross-shareholdings

Germany hit hard as foreign investment falls in Europe: EY survey

South Korea’s April inflation at 2.9% y/y, lower than expected

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